SGX Singapore Stocks & Forex Live Picks

STI Daily Technical Analysis Report

Your Advisor
Publish date: Wed, 05 Mar 2014, 08:47 PM
Your Advisor
0 10,453
Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.
Following Message
Market Review:
Today as the third trading session of the week the market still maintain the uptrend and the investor also looks seems to be positive for this, which can be observed by the volume in the market.
STI opened high at 3113.15 around 7 points up and closed high at 3116.04, ending the session with a green candle.
STI Day Performance
Open
3078.29
High
3116.64
Low
3067.24
Close
3116.64
Change(Points)
-16.71
% Change
-0.539
Volume
2105.2
Rise
211
Fall
205
Unch
380
Market forecast:
STI recovers for 3rd straight day and traded above 3105 level, however the trading range was very low for the day it was only 8 points after gap up opening.
STI trading well above its 50 & 20 day EMA level of 3090 & 3083 level, it's a positive sign for STI, 20 day EMA is continuously increasing and trading very near to its 50 day EMA . we can expect crossover of longer period from lower side by short period i.e 20 day EMA, can cross 50 Day EMA from lower side which is positive sign for Index , if it will happen then we can see more bullishness in Index.
As we previously mention for coming days we see some turn around movements as the 4Q13 earnings season is heading towards the end, and investors' attention to key economic events in the US such as Unemployment Rate and Non-farm Payroll.
Support level: STI having immediate support @ 3095 level and below this level it can take support @3080-3065 will be the support zone for STI.
Resistance: STI having immediate Resistance @3120 and above this level it may take resistance @ 3135-3150
STRAITS TIME LEVELS
Support 1
3095
Support 2
3080
Support 3
3065
Resistance 1
3120
Resistance 2
3135
Resistance 3
3150
Technical indicators:With the recovery now Technical indicators MACD trading in bullish zone in Daily chart , RSI crossed its centreline zone and trading above 50 @ 59.9 and CCI @ 90.999
Important Factor for today:-
  • Securities were trading down by 7% in Feb Where as STI said today that the security trading fell by 35% to S$20.9Billion. Daily average value of trading fell 41% to S$1Billion as more trading session in Feb2013.
  • Loyz Energy to buy 20% of Norwegian oil and gas firm
  • Today Ezara Holding is awarded subsea construction and offshore support contracts and options in Asia Pacific and West Africa worth over US$125 million.
  • Amtek buys US firm in S$267M deal.
Top 5 Gainers
Top 5 Loosers
Scrip Name
 CMP
 %change
 Scrip Name
 CMP
 %change
JMH 400US
60.000
3.448
 UOB
 20.530
 -1.203
JSH 500US
34.660
3.155
 DairyFarm 900
 9.020
 -1.313
Jardine C&C
40.000
2.564
 DBS
 16.210
 -0.735
OSIM
2.510
4.583
 Shang Asia
 12.880
 -0.923
SIA
10.240
0.887
 GreatEast
 17.980
 -0.333

More articles on SGX Singapore Stocks & Forex Live Picks
Bursa Malaysia Stock Market May Come Under Pressure

Created by Your Advisor | Sep 23, 2017

Is another financial crisis just around the corner?

Created by Your Advisor | Sep 16, 2017

Rules for investing

Created by Your Advisor | Sep 06, 2017

Overview on PENTAMASTER CORPORATION LTD

Created by Your Advisor | Jul 06, 2017

Gold Is At Sweet Spot For Continued Buying On Dips

Created by Your Advisor | May 31, 2017

There's No Recession, but a Market Correction Could Cause One

Created by Your Advisor | May 10, 2017

TECH TARGETS: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

Created by Your Advisor | Mar 23, 2017

M Asia Trade Tech Targets: EUR/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Created by Your Advisor | Mar 22, 2017

SEA market ready to rate hike ahead of Fed meeting

Created by Your Advisor | Mar 07, 2017

SGX & KLCI TRADING CALLs for Today

Created by Your Advisor | Feb 22, 2017

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment